Ask HN: How are you preparing for the recession?

Re:Ask HN: How are you preparing for the recession? by AznHisoka on Thursday May 19, 2022 @02:47PM (#31438511)

I quit my job during the last recession to do a startup (which ultimately failed). A lot of people thought I was crazy, but in hindsight it was the right move, as I learned a lot of things that I was able to parlay into a 2nd startup.

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Re:Ask HN: How are you preparing for the recession? by muzani on Thursday May 19, 2022 @10:48PM (#31442794)

Arguably recessions are terrible times to get jobs, so starting a startup might actually be a good thing. I've paid the bills with my startup and contract work, back when the tech industry was lackluster.

Contracting is not bad either. A company today might freeze hiring expecting things to get worse in 6 months. Nobody wants to fire, for economic, legal, and emotional reasons. So people are much more willing to outsource work, even at higher prices.

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Re:Ask HN: How are you preparing for the recession? by noobrunner on Thursday May 19, 2022 @02:54PM (#31438592)

Wow, that's a ballsy move. Did the startup fail because of the recession time/lack of funding?

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Re:Ask HN: How are you preparing for the recession? by gvb on Thursday May 19, 2022 @03:07PM (#31438752)

"Why to Start a Startup in a Bad Economy" http://www.paulgraham.com/badeconomy.html - Paul Graham

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Re:Ask HN: How are you preparing for the recession? by AznHisoka on Thursday May 19, 2022 @06:58PM (#31441259)

It failed because I didn’t execute well and chose the wrong market.

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